AvaTrade Review 2021 - Bonus, Demo & App Ratings

I feel anybody who is selecting to invest their time and money in an online broker should go through important categories to assess their trading platform. During my search for a reputable online broker, I broke down all those aspects that I think one should look into clearly. 

After studying and analyzing several platforms, I believe I have gathered a sufficient understanding of how a broker should work in order for it to be reliable. At the beginning of my trading career, I used to spend a lot of time reading customer reviews on their brokers, which helped me figure out what requirements a broker should meet.

I’ve simplified my knowledge and expertise into a set of assessment criteria that I’ve used in all of my trading so far. These evaluations helped me in determining whether or not an online broker is worthy of my participation. My review will be based on the same FinancialCentre evaluation. The categories I’ll go through in my review are listed below.

  • Asset type
  • Trading Experience
  • Usability
  • Range of Offerings
  • Order Execution
  • Trading Technology
  • Layout/Portfolio Analysis
  • Customer Service
  • Education
  • Account Amenities
  • Security

Asset Type

On the FinancialCentre platform, customers may choose from five distinct asset categories:

  • Stocks
  • Indices
  • Currencies
  • Commodities
  • Crypto-Currency

These categories contain a total of 200+ assets in which their clients can invest. These assets can be traded from 23 different countries. Traders from Iran and the United States, on the other hand, are unable to use this platform.

Under the heading “assets Index,” a separate page is dedicated to the wide range of assets. I was captivated by how structured and well put together their assets were throughout my research of this broker when I came across the “asset index.” They were organized alphabetically, making it simpler for me to find an asset that I was interested in.

What sparked my interest was that FinancialCentre had included the trading hours of each asset and their Expiry rule beneath those assets. This FinancialCentre function proved to be quite useful to me.

Trading Experience

To assess this category, I began with the reviews from the other client. Any ideal online broker should place a focus on the trading experience their customers have on the platform. While trading on this platform, I discovered that FinancialCentre prioritizes its clients’ requirements and is always working to improve its platform.

Trading with FinancialCentre has been a great experience for me. From the website’s very basic and user-friendly interface to their powerful trading technology, everything there is about my experience was good. It’s also worth highlighting their capacity to adapt and make adjustments to the platform. One issue I observed when exploring their website was the limited language options. There was just one language available for members to pick from English.

Order Execution

If you do a lot of research before making a choice, but your broker’s order execution speed is poor, all of your efforts will likely be for nothing. Because one minute the stock market is on your side, and the next it isn’t. As a result, the broker must have high-performance processors that do not cause order execution delays. FinancialCentre has this feature, and it’s one of my favorites. They employ cutting-edge technology and software to ensure that your transaction is completed as soon as you hit the buy or sell button.

Trading Technology

Assessing a broker’s trading technologies can always tell you whether they will benefit you. FinancialCentre makes use of cutting-edge trading technologies such as streaming real-time data and smart order routing. I could test out some of their tools offered to non-members before becoming a member of their site. This, I believe, helped me in determining whether or not I wanted to be a member of this trading platform depending on how complicated or appropriate their trading tools will be for my level of experience.

In most situations, I could only view a broker’s chart after registering as a member. After gaining access to such platforms, I was occasionally frustrated since their charting capabilities and tools were beyond my understanding. I had the exact opposite experience with the FinancialCentre platform and was completely delighted with its trading features.

Usability

In comparison to the other systems with which I dealt, I found this platform’s usability to be rather flawless. Unlike other brokers, FinancialCentre offered me a variety of adjustable features when using their services. Because of its adaptability, I was able to alter the platform to suit my demands and increase efficiency.

Another thing I enjoy about them is how clear and easy it is to set up an account. This platform didn’t need much information, which I believe might be a problem for some. Another appealing feature was the ability to edit and save my information for future use, but only for a short period. On the off chance, I believe the platform’s usefulness might have been increased even more if it had been made available as a mobile application.

Nonetheless, I believe this platform’s accessibility is far superior to those of the other platforms.

Layout/Portfolio Analysis

I was able to easily manage my portfolio using FinancialCentre. Keeping track of my trade was a breeze, thanks to the quick access and user-friendly interface. Other aspects, such as the speed of their platform, have emerged as significant traits.

For some, the increasing use of advanced technology, even in the trade business, might seem confusing. They grow cautious about using new technologies. Complex tools are inaccessible to the majority of individuals. What I loved about FinancialCentre is that, despite the fact that they use cutting-edge technology to facilitate trading, they still make it simple for their customers.

However, the style of their website turned me off a little at first. The dark color scheme they selected on their website was incredibly eye-weary. I had to concentrate on the textual material. Everything was set up on the main page. Everything is presented at the forefront of the main website, from establishing an account to learning about their trading platform and contacting staff. I didn’t feel like I needed to do any searching or browsing, which saved me a lot of time.

Customer Service

The customer care provided by FinancialCentre drew me in. They offered a live chat window for all of their users, whether they were members or not. This live chat was available to users 24 hours a day, seven days a week. There were also additional options, such as email and phone calls. Both of these services had set hours of operation. The email and chat services are available Monday through Friday, 07:00 to 14:00 GMT, and the phone service is available Monday through Friday, 09:00 to 13:00 GMT.

However, the phone call service is only available in Australia, the United Kingdom, and Austria. I believe that similar to their language restrictions. They should expand their phone service to include different countries.

Education

It’s difficult to discover a platform that not only makes trading simple for you but also gives additional instructional information. A whole section of FinancialCentre is dedicated to educational materials. These can be beneficial to both beginners and experienced users.

I found their e-books to be quite useful in understanding certain trading scenarios and terminology. However, as I progressed in my trading and began to make additional investments, I saw that there was a lack of educational information accessible for experienced users.

Aside from the e-Books, FinancialCentre also includes a glossary area where readers can learn about all of the terms used in the trading industry and what they imply. It’s a wonderful concept for beginners to assist them and make them feel more at ease in the trading world. There is also a part called “Frequently Asked Questions (FAQ).”

Security

FinancialCentre is concerned about its security. Any online broker must ensure that all risk disclosure, privacy, and anti-money laundering regulations are followed. As a result, it was critical for me to investigate FinancialCentre’s rules in order to guarantee that my data and resources would be safe with them.

They follow the following policies, which are listed at the bottom of their website:

  • Privacy Policy
  • Bonus Policy
  • Risk Disclosure statement
  • Anti-money laundering Policy and KYC
  • Withdrawal, refund, and the cancellation policy

Overview 

My whole experience with FinancialCentre has been positive, and I want to continue working with them. Their platform proved to be quite dependable and secure. However, I believe that this platform can enhance a few aspects to improve the customer experience.

I hope that my review is useful to individuals who are seeking a trustworthy source for their trading enterprise.

Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendation